Failed startups of 2017
There is always a hit or miss chance in start-ups. We are going to discuss the failure reasons of those startups, which couldn’t make it out anymore. And we are on the way to say goodbye them in 2017.
Juicero, a juicing machine that works with a wi-fi connection is going to vanish in coming days as the firm behind this startup has made an announcement that soon it is shutting down.
Juicero gets around $120m (£92m) seed funding to develop the machine, which put on the market of US at $399.
The firm stated that it could not generate an “effective manufacturing and distribution system” on its own.
People widely made fun of it when it was revealed that the users will get juice from the pouches of fruit and vegetables that could easily be squeezed by hand.
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Jawbone
Jawbone startup was about Fitness track and performance. The firm started dealings of liquidation in June.
Once Jawbone was high in the market as its products were among the pioneer fitness trackers. On one occasion it was valued at more than $3bn.
The firm was not able to give after sales services to its customer and proved a poor track of customer services. Customers with complaints of broken devices had written to the some of the famous International news website to say they could not get a response from the firm. As media for several months, the firm had been silent on social
However, Jawbone trackers still exist and you can buy them from different websites as well as from Amazon.
Yik Yak
The messaging app allows user to send anonymous notes to other users without revealing the name of the sender. It had raised more than $73m in funding and once it was valued at $400m.
The app was extremely popular among teenager but it was also outburst with online harassment and bullying. The firm tried to implement permanent log-ins but it failed to get the desired results.
Yik Yak made an announcement that it would shut down the business at the start of the academic year.
The website of Yik Yak has now disappeared but as they get a huge response from the public. In order to thanks to users, the founders Brooks Buffington and Tyler Droll show gratitude to Yik Yak users for being “the most passionate on the planet” in a blog post published at the time of the announcement.
Independent drone firm Lily closed the business in January with $34m in pre-orders which it promised to compensate.
Its product – a waterproof drone by means of a camera onboard was designed to be flying into the air so it could follow users for up to 20 minutes by a wristband.
“We have been racing against a clock of ever-diminishing funds,” wrote the company’s co-founders, Henry Bradlow and Antoine Balaresque, to customers.
“Over the past few months, we have tried to secure financing in order to unlock our manufacturing line and ship our first units – but have been unable to do this.” They added.
Beepi
Beepi was a digital marketplace for buying a used car that raised $150m and had once valued at $560m.
It began its liquidation in February 2017.
A statement by one tech news site suggested Beepi had faced organizational issues and had spent money rashly. But its founders shorn of this statement and said it was a “sad time” for the firm.
“The Beepi spirit lives on. Down, but not out,” they wrote.
The website of Beepi now redirects to another car buying platform named as Vroom.
